Question: plz help! What is the unit product cost using absorption costing? Tipton, Inc. reports the following information (assume no beginning inventory): Units produced 2,200 units
Tipton, Inc. reports the following information (assume no beginning inventory): Units produced 2,200 units Units sold 2,000 units Sales price $240 per unit Direct material's $75 per unit Direct labor $21 per unit $14 per unit Variable manufacturing overhead Fixed manufacturing overhead $2,200 per year Variable selling and administrative costs $5 per unit $10,600 per year Fixed selling and administrative costs What is the unit product cost using absorption costing? OA. $111 B. $116 O C. $110 OD. $115
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